UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
GeoMet, Inc.
(Name of Issuer)
COMMON STOCK, par value $.001
(Title of Class of Securities)
37250U201
(CUSIP Number)
Bradford T. Whitmore
1560 Sherman Avenue, Suite 900
Evanston, IL 60201
Telephone: (847) 733-1230
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 29, 2015
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject
of this Schedule 13D, and is filing this schedule because
of Section 240.13d-l(e), 240.13d-l(f) or 240.13d-l(g),
check the following box. [X]
NOTE: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including
all exhibits. See Rule 13d-7 for other parties to whom
copies are to be sent.
The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover
page shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
2
Schedule 13D
CUSIP No. 37250U201 Page 2 of 9 Pages
1. Names of Reporting Person
S.S. OR I.R.S. Identification No. of Above Persons
Grace Brothers, Ltd.
2. Check the Appropriate Box if a Member of a Group (See
instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds (See instructions)
OO
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6. Citizenship or Place of Organization
Illinois Limited Partnership
7 Sole Voting Power
Number of 0
Shares 8 Shared Voting Power
Beneficially 9,759,231** shares
Owned by
Each
Reporting 9 Sole Dispositive Power
Person 0
With 10 Shared Dispositive Power
9,759,231** shares
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
9,759,231** shares
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See instructions) [ ]
13. Percent of Class Represented by Amount in Row (11)
17.5%
14. Type of Reporting Person (See instructions)
PN
**See Item 5(a).
3
Schedule 13D
CUSIP No. 37250U201 Page 3 of 9 Pages
1. Names of Reporting Person
S.S. OR I.R.S. Identification No. of Above Persons
Bradford T. Whitmore
2. Check the Appropriate Box if a Member of a Group (See
instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds (See instructions)
OO
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6. Citizenship or Place of Organization
United States
7 Sole Voting Power
Number of 5,456,169**
Shares
Beneficially 8 Shared Voting Power
Owned by 9,759,231**
Each
Reporting 9 Sole Dispositive Power
Person 5,456,169**
With
10 Shared Dispositive Power
9,759,231**
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
15,215,400**
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See instructions) [ ]
13. Percent of Class Represented by Amount in Row (11)
27.3%
14. Type of Reporting Person (See instructions)
IN
**See Item 5(a).
4
Schedule 13D
CUSIP No. 37250U201 Page 4 of 10 Pages
1. Names of Reporting Person
S.S. OR I.R.S. Identification No. of Above Persons
Spurgeon Corporation
2. Check the Appropriate Box if a Member of a Group (See
instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds (See instructions)
OO
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6. Citizenship or Place of Organization
Illinois Corporation
7 Sole Voting Power
Number of 0
Shares
Beneficially 8 Shared Voting Power
Owned by 9,759,231** shares
Each
Reporting 9 Sole Dispositive Power
Person 0
With
10 Shared Dispositive Power
9,759,231** shares
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
9,759,231**
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See instructions) [ ]
13. Percent of Class Represented by Amount in Row (11)
17.5%
14. Type of Reporting Person (See instructions)
CO
**See Item 5(a).
5
Page 5 of 9 Pages
Item 1. Security and Issuer
This Schedule 13D relates to the Common Stock, par value
$.001 per share (the "Common Stock") issued by, a Delaware
corporation (the "Company"), whose principal executive
offices are located at 1221 McKinney Street, Suite 3840,
Houston, Texas 77010.
..
Item 2. Identity and Background
(a) The statement is filed by Grace Brothers, Ltd., an
Illinois limited partnership ("Grace"). Bradford T.
Whitmore ("Whitmore") and Spurgeon Corporation
("Spurgeon") are the general partners of Grace.
(b) The business address of Grace and Whitmore is 1560
Sherman Avenue, Suite 900, Evanston, Illinois 60201.
The business of Spurgeon is 407 S. Third Street, Suite
230, Geneva, Illinois 60134.
(c) The principal business of Grace is to purchase, sell,
invest, and trade in securities. Whitmore's principal
occupation is that of being a general partner of Grace.
The principal business of Spurgeon is that of being a
general partner of Grace. The names, business addresses,
and present principal occupation or employment of each
director and executive officer of Spurgeon are set forth in
Exhibit A hereto.
(d) None of the persons referred to in this Item 2 has,
during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the persons referred to in this Item 2 has,
during the last five years, been a party to a civil
proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating
activities subject to , federal or state securities laws or
finding any violation with respect to such laws.
(f) Grace is an Illinois limited partnership and Spurgeon
is an Illinois corporation. Whitmore is a citizen of the
United States.
6
Page 6 of 9 Pages
Item 3. Source and Amount of Funds
The shares of Common Stock to which this Schedule 13D
relates (the "Shares") results from the purchase of the
Company's convertible preferred shares ("Preferred"),
which were purchased with working capital and partnership
funds.
Item 4. Purpose of Transaction.
The Filers previously reported their holdings on Schedule
13G and are voluntarily filing this 13D, which would
otherwise be required at such point in time, if any, as the
Filers' holdings represent 20% or more of the outstanding
shares of Common Stock. The Filers may in the future take
such actions with respect to their holdings in the Company
as they deem appropriate including communications with
management of the Company, purchasing additional Preferred,
or selling some or all of their Preferred or any Preferred
they may hereafter acquire.
Except as set forth herein, the Filers have no plans or
proposals which relate to or would result in any of the
actions set forth in subparagraphs (a) through (j) of this
Item 4.
Item 5. Interest in Securities of the Issuer
(a) As of the date of this filing, Grace beneficially owns
9,759,231 shares of Common Stock, which would be obtained
if the Reporting Person were to exercise its right to
convert Preferred it holds (1,268,700 shares of
Preferred) of the Issuer into Common Stock,
representing approximately 17.5% of the outstanding shares
of Common Stock. As general partner of Grace, Spurgeon may
be deemed beneficial owner of 9,759,231 shares of Common
Stock, which would be obtained if the Reporting Person were
to exercise its right to convert Preferred it holds
(1,268,700 shares of Preferred) of the Issuer into
Common Stock, or 17.5% of the outstanding shares of Common
Stock, although they otherwise disclaim beneficial
ownership. As general partner of Grace, Whitmore may be
deemed beneficial owner of 9,759,231 shares of Common
Stock, which would be obtained if Grace were to exercise
its right to convert Preferred it holds (1,268,700
shares of Preferred) of the Issuer into Common
Stock, and 5,456,169 shares of Common Stock, which would
be obtained if Whitmore were to exercise its right to
convert Preferred it holds (709,302 shares of
Preferred) of the Issuer into Common Stock, as
direct beneficial owner, or 27.3% of the outstanding shares
of Common Stock.
(b) Grace: shared voting power (with Whitmore and
Spurgeon)
9,759,231** Shares
Whitmore: shared voting power (with Grace and Spurgeon)
9,759,231** Shares.
sole voting power 5,456,169** Shares
Spurgeon: shared voting power (with Grace and Whitmore)
9,759,231** Shares
7
Page 7 of 9 Pages
(c) The transactions effected by the Filers during the past
60 days are set forth in Schedule A.
(d) No person other than the Filers is known to have the
right to receive, or the power to direct the receipt of,
dividends from or the proceeds from the sale of the Shares.
(e) N/A
**See Item 5(a).
Item 6. Contracts, Arrangements, Understandings or
Relationships with respect to Securities of the Issuer
There are no contracts, arrangements, understandings or
other relationships with respect to any securities of the
Company.
Item 7. Items to be Filed as Exhibits
Exhibit A - Directors and Executive Officers of Spurgeon
Corporation
SIGNATURE
After reasonable inquiry and to the best of its knowledge
and belief, the undersigned certifies that the information
set forth in this Statement with respect to it is true,
complete and correct.
Dated: October 2, 2015
Grace Brothers, Ltd.
By: /s/ Bradford T. Whitmore
Name: Bradford T. Whitmore
Its: General Partner
Bradford T. Whitmore
By: /s/ Bradford T. Whitmore
Name: Bradford T. Whitmore
Spurgeon Corporation
By: /s/ Jerald A. Trannel
Name: Jerald A. Trannel
Its: Vice President
8
Page 8 of 9 Pages
SCHEDULE A
TRADE ACTIVITY FOR GEOMET, INC. CONVERTIBLE PREFERRED
STOCK EFFECTED BY BRADFORD T. WHITMORE FOR THE
PREVIOUS 60 DAYS.
Amount of
Shares Price per
Date Security Purchased Share
09/03/2015 PREFERRED STOCK 3,900 $2.25
09/03/2015 PREFERRED STOCK 700 $1.90
09/03/2015 PREFERRED STOCK 200 $1.80
09/03/2015 PREFERRED STOCK 100 $2.00
09/28/2015 PREFERRED STOCK 10,000 $1.52
09/28/2015 PREFERRED STOCK 10,000 $1.53
09/28/2015 PREFERRED STOCK 10,000 $1.54
09/28/2015 PREFERRED STOCK 10,000 $1.55
09/29/2015 PREFERRED STOCK 250,000 $1.50
09/30/2015 PREFERRED STOCK 423,302 $1.50
10/01/2015 PREFERRED STOCK 1,100 $1.50
Amount of
Shares Price per
Date Security Sold Share
09/30/2015 PREFERRED STOCK 10,000 $1.50
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Page 9 of 9 Pages
Exhibit A
Directors and Officers of Spurgeon Corporation
Judith M. Van Kampen
407 S. Third Street, Suite 230
Geneva, IL 60134
Director of Spurgeon. Trustee of Judith M. Van Kampen
Trust which is Manager of Van Kampen Asset Management
Company, LLC.
Karla M. Van Kampen-Pierre
407 S. Third Street, Suite 230
Geneva, IL 60134
Director of Spurgeon. Trustee of Judith M. Van Kampen
Trust which is Manager of Van Kampen Asset Management
Company, LLC.
David Wisen
407 S. Third Street, Suite 230
Geneva, IL 60134
Director, President and Secretary of Spurgeon.
President of Van Kampen Asset Management Company,
LLC.
Jerald A. Trannel
407 S. Third Street, Suite 230
Geneva, IL 60134
Director, Vice President and Treasurer of Spurgeon.
Controller of Grace Brothers, Ltd. and Senior Vice
President and Treasurer of Van Kampen Asset Management
Company, LLC. Trustee of Judith M. Van Kampen Trust
which is Manager of Van Kampen Asset Management
Company, LLC.
Scott R. Pierre
407 S. Third Street, Suite 230
Geneva, IL 60134
Secretary of Van Kampen Asset Management Company, LLC.
All are United States Citizens.
The Business address of Van Kampen Asset Management
Company, LLC is 407 S. Third Street, Suite 230,
Geneva, IL 60134. The principal business of Van Kampen
Asset Management Company, LLC is investment and asset
management.